To link to the entire object, paste this link in email, IM or documentTo embed the entire object, paste this HTML in websiteTo link to this page, paste this link in email, IM or documentTo embed this page, paste this HTML in website

Michael F. Easley
Governor
State of North Carolina
Office of the Governor
Governor's Press Office
State Capitol, Raleigh, NC 27603-8001
(919) 733-5612 - Toll Free 1-800-662-7005
FAX (919) 733-5166
For Release: IMMEDIATE Contact: Cooper Bratton
Date: February 13, 2004 Phone: 919/733-5612
NC RANKS AMONG LOWEST STATES IN BUSINESS TAX BURDEN
RALEIGH –A recent industry-funded study by Ernst and Young finds that North Carolina’s business tax burden ranks between 47th and 49th in the nation.
“These rankings clearly show why North Carolina has been ranked #1 in the country for business climate three years in a row,” said Gov. Mike Easley. “Our overall tax burden keeps business costs low in our state. Companies looking to expand or relocate know that North Carolina is a great place to do business.”
The study “Total State and Local Business Taxes” was released in January 2004. It shows a detailed state-by-state analysis of total state and local business taxes.
North Carolina ranked 49th in the nation in business taxes per dollar of private sector economic activity, 48th in business taxes per dollar of capital income and 47th in business taxes per employee.
To find more information about this study, go to www.statetax.org.
###

Michael F. Easley
Governor
State of North Carolina
Office of the Governor
Governor's Press Office
State Capitol, Raleigh, NC 27603-8001
(919) 733-5612 - Toll Free 1-800-662-7005
FAX (919) 733-5166
For Release: IMMEDIATE Contact: Cooper Bratton
Date: February 13, 2004 Phone: 919/733-5612
NC RANKS AMONG LOWEST STATES IN BUSINESS TAX BURDEN
RALEIGH –A recent industry-funded study by Ernst and Young finds that North Carolina’s business tax burden ranks between 47th and 49th in the nation.
“These rankings clearly show why North Carolina has been ranked #1 in the country for business climate three years in a row,” said Gov. Mike Easley. “Our overall tax burden keeps business costs low in our state. Companies looking to expand or relocate know that North Carolina is a great place to do business.”
The study “Total State and Local Business Taxes” was released in January 2004. It shows a detailed state-by-state analysis of total state and local business taxes.
North Carolina ranked 49th in the nation in business taxes per dollar of private sector economic activity, 48th in business taxes per dollar of capital income and 47th in business taxes per employee.
To find more information about this study, go to www.statetax.org.
###